Broadcom shares are trading higher after Rosenblatt maintained a Buy rating on the stock and raised its price target from $1,160 to $1,500.
Portfolio Pulse from Benzinga Newsdesk
Broadcom's stock price increased following Rosenblatt's decision to maintain a Buy rating and raise its price target from $1,160 to $1,500.
March 04, 2024 | 3:54 pm
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POSITIVE IMPACT
Broadcom's stock price is likely to experience a positive short-term impact due to Rosenblatt's upgraded price target and maintained Buy rating.
Analyst ratings and price target adjustments are significant drivers of stock price movements in the short term. Rosenblatt's decision to raise the price target for Broadcom significantly, while maintaining a Buy rating, signals strong confidence in the company's future performance. This is likely to influence investor sentiment positively and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100